Summary by Moomoo AI
NEW WORLD DEV announced the results for the six months ended December 31, 2023, with revenue of 16.789 billion HKD, down 1.6% year-on-year; core operating profit was 4.416 billion HKD, down 18% year-on-year. The group recorded a loss attributable to Shareholders of 6.633 billion HKD, mainly due to development property impairment losses and changes in fair value of investment properties totaling approximately 4.951 billion HKD. The Board of Directors resolved not to declare an interim dividend.During the period, the group's property development revenue in Hong Kong was 1.734 billion HKD, and the attributable contract sales in Hong Kong were approximately 5.2 billion HKD; the property development revenue in mainland China was 6.644 billion HKD, with total contract sales of approximately RMB 7.5 billion, of which the...Show More
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